Craig Hallum upgraded shares of Qumu (NASDAQ:QUMU) from a hold rating to a buy rating in a research report report published on Tuesday, Briefing.com Automated Import reports. They currently have $4.00 target price on the technology company’s stock.
Separately, Zacks Investment Research downgraded shares of Qumu from a hold rating to a sell rating in a research report on Wednesday, June 17th.
QUMU stock opened at $4.05 on Tuesday. Qumu has a 52 week low of $1.25 and a 52 week high of $4.66. The company has a market capitalization of $54.79 million, a price-to-earnings ratio of -4.71 and a beta of 1.08. The firm’s 50-day moving average is $2.44 and its two-hundred day moving average is $2.22. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20.
Qumu (NASDAQ:QUMU) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.09). Qumu had a negative return on equity of 111.64% and a negative net margin of 33.34%. The company had revenue of $6.23 million for the quarter. On average, equities research analysts predict that Qumu will post -0.45 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in QUMU. Fondren Management LP bought a new stake in shares of Qumu in the 1st quarter worth approximately $1,403,000. Manatuck Hill Partners LLC acquired a new stake in shares of Qumu during the fourth quarter valued at approximately $392,000. Raffles Associates LP acquired a new stake in shares of Qumu during the first quarter valued at approximately $166,000. Harbert Fund Advisors Inc. raised its holdings in shares of Qumu by 7.9% during the fourth quarter. Harbert Fund Advisors Inc. now owns 1,367,522 shares of the technology company’s stock valued at $3,569,000 after acquiring an additional 100,000 shares during the period. Finally, Penn Capital Management Co. Inc. acquired a new stake in shares of Qumu during the fourth quarter valued at approximately $164,000. Institutional investors and hedge funds own 36.55% of the company’s stock.
Qumu Corporation provides tools to create, manage, secure, distribute, and deliver live and on-demand video content for the enterprises. It offers an end-to-end video creation, management, and delivery solution through the sale of software licenses and hardware, software on server appliance, software-enabled devices, and a cloud-hosted software-as-a-service platform.
See Also: Investing in Blue-Chip Stocks
Receive News & Ratings for Qumu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qumu and related companies with MarketBeat.com's FREE daily email newsletter.